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and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides
and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements...
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guest: it is one of the big concerns. in the statute, it says that ipab is very constrained in what it may recommend, and that it may not ration care or at costs to a beneficiaries pay. it can only recommend changes to provider payments. congress is concerned that if you cut provider payments to much, they will stop taking medicare patients. that is a real concern. we see that in what happened in the balanced budget act passed in 1997, with physician payments, they set up this new formula and it worked for a couple of years and since then it has not worked very well. there were recommended cuts to physician and payments and congress has put it off again and again and again and they have dug this huge hole. to fix the problem would cost $300 billion. there is aware that the same thing could happen with ipab, that although congress cannot make the cuts go away, they would have to make other cuts. although it says explicitly you cannot ration care, there is the worry about cutting payments to much. what the secretary is putt
guest: it is one of the big concerns. in the statute, it says that ipab is very constrained in what it may recommend, and that it may not ration care or at costs to a beneficiaries pay. it can only recommend changes to provider payments. congress is concerned that if you cut provider payments to much, they will stop taking medicare patients. that is a real concern. we see that in what happened in the balanced budget act passed in 1997, with physician payments, they set up this new formula and...
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it is a big con. and joining me is the top economic adviser to joe biden, and senator fellow on budget and policy. >> good to see you. >> and you are different affiliations. >> that is right. sorry about that. >> what would we have to throw overboard in order to make the numbers work? >> that is a great question. it is the one factoid i didn't hear in the excellent introduction. >> waiting for you. >> thanks for saving these. look, this thing, within a new fiscal year, the 2012 fiscal year which starts in 70 days or so, it would require a cut of $111 billion, okay. that's a little bit less than, about 7/10ths of a percent of gdp. if anybody in their right mind thinks that this economy went from fragile to frail with the last couple of jobs reports can sustain an extraction of $111 billion of federal spending right now, i'm not sure what planet they are living on. most of the responsible budget plans including the fiscal commission and rital ridalin/deminchey, and you would see the safety programs that
it is a big con. and joining me is the top economic adviser to joe biden, and senator fellow on budget and policy. >> good to see you. >> and you are different affiliations. >> that is right. sorry about that. >> what would we have to throw overboard in order to make the numbers work? >> that is a great question. it is the one factoid i didn't hear in the excellent introduction. >> waiting for you. >> thanks for saving these. look, this thing, within a...
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but when i see an rv roll in with a big family... well, it fills my heart. but, as affordable as it is, it just makes sense to get everybody up and go on a vacation together. whoa, i didn't mean all of us. [ boy ] it's surprising just how affordable an rv vacation can be. see for yourself at gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. >>> oh, really? you had civilian complaints? regarding the parking being further than 12 inches from the curb? >> some say this is rochester police in retaliation. officers ticketed people gathered to support emily good who was arrested for filming the police department. the short-haireded african-american man in this video was charged with several offenses afterward. he said he stepped in because an officer was making a threat. in the end, he cut a deal, he said to keep his job as a firefighter. he told me police relations have gotten worse since this controversy erupted. >> don, i'm getting numerous calls from constituents in my community, people in the neighborhood, especially adjacent t
but when i see an rv roll in with a big family... well, it fills my heart. but, as affordable as it is, it just makes sense to get everybody up and go on a vacation together. whoa, i didn't mean all of us. [ boy ] it's surprising just how affordable an rv vacation can be. see for yourself at gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. >>> oh, really? you had civilian complaints? regarding the parking being further than 12 inches from the curb?...
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. >>> you can probably imagine a kentucky woman is in big trouble with the law after she attacks a judge in court. court security officer adam dodson was the first to take her down. i talked with him earlier and asked what did the judge said to make her go ballistic. >> the judge was telling her to stop using foul language and if she kept using foul language in her court then she would be held in contempt and face more charges, and the lady was very upset already and she just basically disregarded anything the judge said and continued to talk. >> you've been doing this for a while now. have you seen anybody react this way especially towards a judge? >> i have seen people react this way but only in training videos, and the training they send us to. not in actually any courtroom i've worked in in the 3 1/2 years i've been there. >> when you grabbed her and you subdued her. what happened? was she remorseful? did you have to take her away? what happened? >> she was not remorseful at all actually. i had to administer the handcuffs on the floor. she was resisting arrest. she was fighting with
. >>> you can probably imagine a kentucky woman is in big trouble with the law after she attacks a judge in court. court security officer adam dodson was the first to take her down. i talked with him earlier and asked what did the judge said to make her go ballistic. >> the judge was telling her to stop using foul language and if she kept using foul language in her court then she would be held in contempt and face more charges, and the lady was very upset already and she just...
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which includes some big brand names in this country. cnbc's david faber joins us in new york for some insight. david, this has now reached to one of murdoch's top deputies. what does this do to his damage control efforts. >> he's been trying to do damage control since the middle of last week in some ways when he finally started to distance himself from rebekah brooks who resigned, of course, a couple days later. the scandal does not appear to have crested yet. despite giving up the purchase of b sky b for what would have been a $12 billion deal for news corp., a huge important deal they wanted to complete in the uk and, of course, letting go of rebekah brooks and his long time lieutenant les hinton. >> on a personal level for murdoch and especially his son, are they in some sort of legal jeopardy? >> james murdoch has got to be the focus right now. because of course rebecca brooks and les hinton both having been gone, james murder okay runs news international. he has the number three position at the company, essentially, after chase car
which includes some big brand names in this country. cnbc's david faber joins us in new york for some insight. david, this has now reached to one of murdoch's top deputies. what does this do to his damage control efforts. >> he's been trying to do damage control since the middle of last week in some ways when he finally started to distance himself from rebekah brooks who resigned, of course, a couple days later. the scandal does not appear to have crested yet. despite giving up the...
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so tax payers don't have to foot the bill if a big bank goes under. second, it said to wall street firms, you can't take the same kind of reckless risks that led to the crisis. and third, it put in place the stronger -- the strongest consumer protections in history. and make sure that these protections work so ordinary people were dealt with fairly so they could make informed decisions about their finances. we didn't just change the law. we changed the way the government did business. for years the job of protecting consumers was divided up in a lot of different agencies. so if you had a problem with the mortgage lender you called one place. if you had a problem with a credit card company, you called somebody else. it meant there were a lot of people who were, but that meant nobody was responsible. and we changed that. we cut the bureaucracy and put one consumer watchdog in charge with just one job. looking out for regular people in the financial system. this is an idea that i got from elizabeth warren who i first met years ago. back then this was lon
so tax payers don't have to foot the bill if a big bank goes under. second, it said to wall street firms, you can't take the same kind of reckless risks that led to the crisis. and third, it put in place the stronger -- the strongest consumer protections in history. and make sure that these protections work so ordinary people were dealt with fairly so they could make informed decisions about their finances. we didn't just change the law. we changed the way the government did business. for years...
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a big number traced to 244 super wealthy bundlers. as you know, he's known for in his first campaign, for having a lot of small grassroots fund-raising numbers. so somewhat of a gdeparture her, what do you think? >> one thing when you look back at 2008, it was a 1-2 punch of big dollar donors and grassroots donors. probably with an even number of almost maxed out establishment democratic contributors versus that grassroots army. and once again, we are seeing that 1-2 punch. it is worth noting that grassroots army still is there. president obama raised more than $20 million in donations of less than $200, which is actually about half of the haul that his campaign brought in. a lot of those big dollar donations are going to the dnc as part of that joint obama campaign dnc fund that the democratic national committee and the campaign has set up. >> let's circle back to the gop. rick perry saying, quote, i'm not ready to tell you that i'm ready to announce that i'm in, but i'm getting more and more comfortable every day that this is what i
a big number traced to 244 super wealthy bundlers. as you know, he's known for in his first campaign, for having a lot of small grassroots fund-raising numbers. so somewhat of a gdeparture her, what do you think? >> one thing when you look back at 2008, it was a 1-2 punch of big dollar donors and grassroots donors. probably with an even number of almost maxed out establishment democratic contributors versus that grassroots army. and once again, we are seeing that 1-2 punch. it is worth...
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big thanks to our studio audience. big banks to our candidate, former massachusetts gov. mitt romney. >> thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> you are watching c-span, the new politics and public affairs. connecting you with elected officials, policy makers, and journalists. weekdays, watch live coverage of the u.s. house. also, supreme court oral arguments. on the weekend, our signature interview program. on sunday, newsmakers, today, and prime minister's questions from the british house of commons. you can also watch any program online at c-span.org. c-span -- washington, your white. a public service created by america's cable companies. -- c-span -- washington, your way. >> the house is coming back in at 4:15 this morning to debate one bill. c-span will stream tomorrow's debate live on facebook. >> have you ever visited the library of congress? over 2 million people have, and this is your chance to tour the world's largest library. tonight, join c-span for a live look at the librar
big thanks to our studio audience. big banks to our candidate, former massachusetts gov. mitt romney. >> thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> you are watching c-span, the new politics and public affairs. connecting you with elected officials, policy makers, and journalists. weekdays, watch live coverage of the u.s. house. also, supreme court oral arguments. on the weekend, our signature...
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the average american family has a big stake in this. if we don't raise it the government will suffer a downgrade and interest rates will spread throughout the economy. every mortgage will be more expensive, every car loan will be more expensive. every time you buy something on your credit card those lines of credit will be more expensive. this is a big threat. bill: what do you say to these lawmakers who say we are sick of it. we have to cut spending. >> the second threat america faces is slow growth. we know heavily indebted countries grow more slowly. we have millions of people out of work. so they have to raise the debt ceiling, but b, they have to deal with the problem which is our debt is too big. bill: you touched on a little bit. let's roll this. we get a lot of questions from our viewers, because you asked. what is the really pact on the average family if we don't increase the debt ceiling. you started going there on your first answer. how would it affect you or me or jamie or anybody watching this? >> one is slow growth in the
the average american family has a big stake in this. if we don't raise it the government will suffer a downgrade and interest rates will spread throughout the economy. every mortgage will be more expensive, every car loan will be more expensive. every time you buy something on your credit card those lines of credit will be more expensive. this is a big threat. bill: what do you say to these lawmakers who say we are sick of it. we have to cut spending. >> the second threat america faces is...
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province along with another guy who was also close to the president, this is cumulatively speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not clear who is in control. it's really not clear where these chips are going to fall. >> you wrote aboutç that ioç oe of the recent pieces for the post that the tenor of kabul is changing. people seem to be preparing for that day when the last u.s. troops are out of there and trying to figure out where the power is going to be. >> exactly. people are very nervous and scared. the last time a super power was involved in afghanistan and suddenly left, which was of course the soviet union in 1989, it wasn't long after that that civil wary rupted which was incredibly vicious and destructive and destroyed much of
province along with another guy who was also close to the president, this is cumulatively speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not...
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he'd certainly be a very big name. he took over as governor after george bush left as governor to become president. paul, always a pleasure to talk to you, my friend. here are three things that you have to put on your radar for today. for this week. tomorrow, news corporation owner rupert murdock and his son james are scheduled to appear before british politicians to answer questions over the widening phone-hacking scandal. thursday the shuttle "atlantis" crew is due to land. we'll bring it to you live but i'm going to talk to them live on wednesday morning. also thursday, it will be the first official day the new consumer financial protection bureau goes into business. the bureau is intended to make basic financial practices like taking out a mortgage or a loan clearer and more transparent while ferreting out unfair lending practices. >>> let's take a look at sports. for hours and hours last night the boston red sox were tied with the tampa bay rays. the score 0-0. it took 16 innings. the red sox finally scored. for a
he'd certainly be a very big name. he took over as governor after george bush left as governor to become president. paul, always a pleasure to talk to you, my friend. here are three things that you have to put on your radar for today. for this week. tomorrow, news corporation owner rupert murdock and his son james are scheduled to appear before british politicians to answer questions over the widening phone-hacking scandal. thursday the shuttle "atlantis" crew is due to land. we'll...
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>> there's clearly a big opening. there's a big group of the republican party that's not that enthusiastic about mitt romney, hasn't been for some time. if they're not now, they probably never will be. i think there's a group that would tolerate him because they think he's electable. michele bachma has caught fire, especially with tea party activists, but it's not clear that enough republicans think she would be electable. and i think rick perry is looking at the field and saying i can bridge those two. he's talking to donors who sat out who are saying we'd like to back you to do that. there's certainly an opening, it's not too late, although there are difficulties getting in as far as getting consultants and locking some of the big bundlers, but they're not prohibitive. >> jonathan, we have rick perry, a charismatic and certainly likes the attention kind of politician. is this a ploy for media attention or do you think that he's really ramping up as he gives that quote which is so kind of all over the place. but the
>> there's clearly a big opening. there's a big group of the republican party that's not that enthusiastic about mitt romney, hasn't been for some time. if they're not now, they probably never will be. i think there's a group that would tolerate him because they think he's electable. michele bachma has caught fire, especially with tea party activists, but it's not clear that enough republicans think she would be electable. and i think rick perry is looking at the field and saying i can...
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tomorrow's vote's so big. it is big. and i thank the gentleman from arizona for leading this hour tonight because it's a precursor to the debate tomorrow, a debate that will be grand, i believe out of all the votes i've cast in my short time, just over a year here, tomorrow's might be one of the most important votes i cast. and stand before this house tonight, madam speaker, before you to say i'll be casting that green vote for that prosperous future of this great nation we have. to restore it, reclaim that liberty that we all know is so great and grand and i look forward to joining many of commy colleagues, such as the gentleman from arizona, thank you. mr. franks: i thank the distinguished gentleman and now recognize the distinguished gentleman from california, congressman bilbray. mr. bilirakis: thank you. i'm honored to speak to the oord -- mr. bilbray: thank you. i'm honored to speak to my friend from arizona. he made a nautical revert reference to the facts of life when tides change and as a child of the ocean i ap
tomorrow's vote's so big. it is big. and i thank the gentleman from arizona for leading this hour tonight because it's a precursor to the debate tomorrow, a debate that will be grand, i believe out of all the votes i've cast in my short time, just over a year here, tomorrow's might be one of the most important votes i cast. and stand before this house tonight, madam speaker, before you to say i'll be casting that green vote for that prosperous future of this great nation we have. to restore it,...
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if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those earnings were spectacular. we are still doing our turnaround. we have a clear vision where we are going and to a large degree a large degree of content. google is a winner-take-all at this point. we have a clear vision what is going on. our vision matches closely consumer growth and advertising growth and revenue growth. i hope to close that gap. >> now is the point we present our guests with token appreciation of your presence here today. i have one for both of you and that is the coffee mug. don't have any coffee before you take that. you can blog that certainly. i have my next question for arianna.
if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those...
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i mean you're talking big numbers then. and you had erskin bowles, democrat, he headed up the president's deficit and debt commission. he says if you just do $2 trillion that is not going to solve the big problem for the markets. it's an interesting problem. jon: yeah, and looking at the building over your shoulder there it doesn't seem like there are a lot of, i don't know, real winners coming out of this at this point. i don't see any real winners in the white house unless, i don't know, maybe somehow they come to some agreement that makes everybody happy, but it seems like nobody is happy right now. who are the winners and losers as this arguing goes on? >> reporter: no, this has not been a profile of courage these past few weeks. and to be honest with you, if you start looking at polls about antiincumbent feeling, this could be the biggest antiincumbent election coming up, throw both of them out, you know, the blame could go both sides -- jon: a pox on both your parties. >> reporter: that's exactly. that's the feeling,
i mean you're talking big numbers then. and you had erskin bowles, democrat, he headed up the president's deficit and debt commission. he says if you just do $2 trillion that is not going to solve the big problem for the markets. it's an interesting problem. jon: yeah, and looking at the building over your shoulder there it doesn't seem like there are a lot of, i don't know, real winners coming out of this at this point. i don't see any real winners in the white house unless, i don't know,...
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we know that boehner and president obama had worked together, were trying to get this big deal, the big package, the $4 trillion package but not so sure that will actually happen. looking at the reid-mcconnell deal, there's some theories that might be on the table more. there's some people that want to see the budget plan, the amendment or even bigger down the line financial plan that could last for years and prevent a fiscal crisis from happening again in the future. >> right, and that's what "the new york post" is referring to on the cover where they say, open the g.o.p. debt plan with no tax hike and according to "the new york post," some insiders at the white house say if we can't get the grand bargain, if we can't get the $4 trillion deal, we'll take something smaller because we need to take something smaller. >> but speaker boehner brought up, i'm going to go back to talking the $4 trillion deal if you could list your plan and all the cuts that you plan on making rather than talk about a pie in the sky or a figure, nobody knows how you get to that figure especially when it comes t
we know that boehner and president obama had worked together, were trying to get this big deal, the big package, the $4 trillion package but not so sure that will actually happen. looking at the reid-mcconnell deal, there's some theories that might be on the table more. there's some people that want to see the budget plan, the amendment or even bigger down the line financial plan that could last for years and prevent a fiscal crisis from happening again in the future. >> right, and that's...
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japan came into this tournament as the big underdogs. nobody expected them to even get to the finals, let alone beat the u.s. they also knocked out sweden. they knocked out germany and it was just absolutely incredible. when they started the match, everyone was saying they have more skill, better possession of the ball, know how to control and pass it. the americans really did a good job, too. it seems the japanese were a little nervous to start off with. the u.s. had possession. they were aggressive. they came hard out of the gate. they were very unlucky. they had a lot of opportunities and just kept missing. just the mistakes they were making on the defense line that let the two japanese goals in. everyone thought it was a done deal at the end of extra time. a few minutes to go. the japanese, boom, scored it in. it came down to penalties. kind of an unfairway of deciding but somebody has to win. president barack obama sent out a tweet. couldn't be prouder of the u.s. after a hard-fought game. congratulations to japan, women's world cup
japan came into this tournament as the big underdogs. nobody expected them to even get to the finals, let alone beat the u.s. they also knocked out sweden. they knocked out germany and it was just absolutely incredible. when they started the match, everyone was saying they have more skill, better possession of the ball, know how to control and pass it. the americans really did a good job, too. it seems the japanese were a little nervous to start off with. the u.s. had possession. they were...
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usually, it's a big deal. this is moving away from florida and the southeast coast affecting the bahamas and possibly bermuda. each squiggly line tells us where we think the storm is going to go. the big story is the heat. mid-90s in the mid-atlantic. you want to talk hot, the middle of the country, no one tops you. easily, near record heat all week long. you are watching "morning joe" brewed by starbucks. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. >>> this president has been in charge for two and a half years. he has increased federal spending by 28%. was
usually, it's a big deal. this is moving away from florida and the southeast coast affecting the bahamas and possibly bermuda. each squiggly line tells us where we think the storm is going to go. the big story is the heat. mid-90s in the mid-atlantic. you want to talk hot, the middle of the country, no one tops you. easily, near record heat all week long. you are watching "morning joe" brewed by starbucks. [ male announcer ] this...is the network -- a network of possibilities. in...